The UK government has stepped in quickly to protect 100s of UK tech firms, which partially relied on finance from SVB to grow their businesses. Silicon Valley Bank in the US has gone into administration, […]
Home insurance is traditionally hard to sell to renters, many of whom rent furnished apartments, so they don’t see the value in covering the landlord’s sofas, carpet and beds. But hey, tenants have valuables like […]
The Bank of England, via the Prudential Regulation Authority, has sent a letter to insurers, after stress tesing was carried out in 2022. Generally, the marks are pretty high, although the PRA notes that cyber […]
Latest from the FCA and another bank receives a fine. The FCA has fined Metro Bank PLC £10,002,300 for breaching the Listing Rules by publishing incorrect information to investors. The FCA has also decided to […]
Deutsche Bank has announced a multi-year innovation partnership with NVIDIA to accelerate the use of artificial intelligence (AI) and machine learning (ML) in the financial services sector. Combining Deutsche Bank’s financial industry expertise with NVIDIA’s […]
For the first time, the Chubb annual study on cyber risk finds that more people are taking concrete steps to protect their personal information and data from cyber-attacks. While the progress is encouraging, poor cyber-security […]
Latest update from the FCA; The Financial Conduct Authority (FCA) has fined Shariah compliant Gatehouse Bank Plc £1,584,100 for significant weakness in its financial crime systems and controls. Between June 2014 and July 2017 Gatehouse […]
Inflation is approaching 1970s levels in the UK so if you are in business then it’s nice to offset some of that loss by getting 1.5% interest on your working company balance. Here’s the word […]
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